Mitsubishi UFJ Financial Group (NYSE:MUFG) Raised to Strong-Buy at UBS Group

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by stock analysts at UBS Group to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Thursday. Zacks Research lowered shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, Mitsubishi UFJ Financial Group currently has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $17.88 on Thursday. Mitsubishi UFJ Financial Group has a 52 week low of $10.46 and a 52 week high of $18.90. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 1.39. The company has a 50 day moving average price of $16.33 and a 200 day moving average price of $15.46. The firm has a market capitalization of $212.14 billion, a P/E ratio of 15.96, a PEG ratio of 1.33 and a beta of 0.35.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Monday, December 29th. The company reported $0.35 earnings per share for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%.The firm had revenue of $9.78 billion for the quarter. Sell-side analysts expect that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Huntington National Bank grew its position in shares of Mitsubishi UFJ Financial Group by 4.9% in the 3rd quarter. Huntington National Bank now owns 14,086 shares of the company’s stock valued at $225,000 after acquiring an additional 659 shares during the period. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 5.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 13,930 shares of the company’s stock worth $221,000 after acquiring an additional 691 shares during the last quarter. Seven Mile Advisory raised its stake in Mitsubishi UFJ Financial Group by 4.7% in the 2nd quarter. Seven Mile Advisory now owns 15,543 shares of the company’s stock worth $213,000 after purchasing an additional 702 shares in the last quarter. Xponance Inc. grew its position in Mitsubishi UFJ Financial Group by 5.4% during the third quarter. Xponance Inc. now owns 13,991 shares of the company’s stock worth $223,000 after buying an additional 723 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Mitsubishi UFJ Financial Group by 12.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,731 shares of the company’s stock worth $107,000 after purchasing an additional 731 shares during the period. 13.59% of the stock is owned by institutional investors.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.